|Oswal Chemicals & Fertilizers Ltd. has informed the Exchange that at the meeting of the Board of Directors of the Company held on December 23, 2006, the Board has passed the following resolutions: 1) To increase the Authorized Share Capital of the Company from Rs.
1255,00,00,000/- to Rs. 1630,00,00,000/- by creating additional equity share capital of Rs. 375,00,00,000/- (37,50,00,000 equity shares of Rs. 10/- each). 2) To convene an Extra Ordinary General Meeting of the Company to approve increase in the Authorized Capital of the Company as above, as per the schedule to be finalized by the Board".